For the three months ended June 30, 2024, Gatos had production of 2.3 million oz. of silver, 19.1 million lb. of zinc and 12 million lb. of lead, plus 1,360 oz. of gold. In silver-equivalent terms, total production was 3.88 million oz., which is 18% higher than the second quarter of 2023.
The half-year production totalled 4.67 million oz. of silver, 34.9 million lb. of zinc, 22.2 million lb. of lead and 2,750 oz. of gold, for 7.58 million oz. AgEq, tracking towards the upper end of the 2024 guidance of 13.5-15.0 million oz.
In addition, the company also had a record mill throughput for the sixth straight quarter, averaging 3,240 tonnes per day, with higher recovery rates for all metals (except gold) than Q2 2023. The improvement in zinc production was the most notable, up 29% from the comparable quarter.
According to Gatos, the processing plant is already reliably performing above 3,500 tonnes per operating day with no reduction in…
